BULLIONS WEEKLY TECHNICAL LEVELS Daily Commodity News letter 18 DECEMBER 2018 Tracking Market
18DECEMBER 2018
Commodity News Close
AbsChange
GOLD
3163
77
SILVER
38169
115
CRUDE OIL
3602
-88
NATURAL GAS
253.2
-22.9
COPPER
438.8
-2.9
NICKEL
784.2
-6.7
LEAD
138.25
-2.05
ZINC
184.6
1.2
ALUMINIUM
138.75
1.15
$ / Re.
71.54
-0.35
Light Sweet Crude Oil
49.65
-1.55
Gold $ / OZ-
1249.90
7.60
Silver $ / OZ-
14.74
0.11
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Energy Oil prices fall 1 percent amid supply glut worries Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply. Bullions Gold prices steady in run-up to Fed meeting Gold prices were largely steady on Tuesday ahead of a U.S. Federal Reserve meeting that starts later in the day, with investors looking for clues on the central bank?s outlook for next year. Currency Dollar falters as markets expect cautious outlook from Fed The dollar on Monday dropped from an 18-month high reached the previous session, ahead of the Federal Reserve?s policy meeting this week that will likely result in a U.S. interest rate hike but a more cautious tone on the economy next year. Base Metals London copper steadies as low stocks support London copper traded sideways on Tuesday, as concerns that global trade ructions would cool China?s economic growth were offset by a drop in stocks held on exchange. Agri Commodity Less than 1 lakh bales cotton procured The Cotton Corporation of India (CCI) has so far procured 98,900 bales (of 170 kg) of cotton in the current season till December 10 as compared to 3.9 lakh bales purchased in the previous season.
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BULLIONS WEEKLY TECHNICAL LEVELS
PIVOT TABLES SCRIP
S2
S1
R1
R2
STRATEGY
GOLD
31318
31475
31725
31820
BUY ON DIPS
SILVER
37790
37980
38280
38395
BUY ON DIPS
CRUDE OIL
3482
3542
3696
3790
BUY ON DIPS
NG
241.70
247.50
263.40
273.80
BUY ON DIPS
COPPER
431.10
434.95
441.75
444.65
SELL ON RISE
NICKEL
777.0
780.60
790.30
796.50
BUY ON DIPS
LEAD
135.85
137.05
140.05
141.75
SELL ON RISE
ZINC
181.35
182.95
185.90
187.35
SELL ON RISE
ALUMINIUM
135.85
137.30
139.65
140.60
BUY ON DIPS
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BULLIONS WEEKLY TECHNICAL LEVELS
CALL OF THE DAY GOLD: HOURLY CHART
BUY GOLD ABOVE 31660 TGT 31810, SL BELOW31510
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BULLIONS WEEKLY TECHNICAL LEVELS
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